In
| Player | Team | Date | Fee |
|---|---|---|---|
| Duncan McKenzie | Anderlecht | 6 December 1976 | £200,000 |
| Tommy Wheeldon | St Helens Town | 7 December 1976 | £1,000 |
| Bruce Rioch | Derby County | 8 December 1976 | £180,000 |
| Mike Pejic | Stoke City | 11 February 1977 | £135,000 |
| Total (initial fees only): | £516,000 | ||
Out
| Player | Team | Date | Fee |
|---|---|---|---|
| Cliff Marshall | Miami Toros | 12 May 1976 | Free |
| David Irving | Oldham Athletic | 14 May 1976 | Free |
| John Hurst | Oldham Athletic | 14 May 1976 | Free |
| John Brogan | Released | 1 July 1976 | |
| Dave Kelly | Released | 1 July 1976 | |
| Jim Smith | Released | 1 July 1976 | |
| John McLaughlin | Released | 1 July 1976 | |
| John Smith | Released | 1 July 1976 | |
| Mike O'Halloran | Released | 1 July 1976 | |
| Gary Jones | Birmingham City | 21 July 1976 | £110,000 |
| John Connolly | Birmingham City | 6 September 1976 | £70,000 |
| Drew Brand | Crewe Alexandra | 24 February 1977 | 1-month loan (extended to 3 months) |
| Total (initial fees only): | £180,000 | ||
- John Brogan (Released) – Eventually joined Partick Thistle on 20th July 1976.
- Jim Smith (Released) – Eventually joined Rhyl ahead of the 1976/77 season.
- John McLaughlin (Released) – McLaughlin was still on-loan at Seattle Sounders (1974) when his contract at Everton expired. Eventually joined Falkirk in September 1976.
- John Smith (Released) – Eventually joined Carlisle United ahead of the 1976/77 season.
| Income | £180,000 |
| Expenditure | £516,000 |
| Net Spend | +£336,000 |